Metlife To Pay $2M To End Financial Reps' Overtime Suit

By Caroline Simson (April 14, 2014, 3:37 PM EDT) -- Metlife Inc. has agreed to pay $1.97 million to settle a proposed class action alleging the company stiffed its financial service representatives on overtime pay, forced them to pay business costs, and confiscated commissions if they quit or were fired too early, according to documents filed Friday in California federal court.

The settlement will be paid out to a proposed class of 431 current and former employees of Metlife, according to the documents. The motion also seeks certification of that class, expected to include all financial service representatives employed by MetLife in California from Jan. 25, 2009, to March 31, 2014,...

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